Forum Financial Management LP Purchases 21,691 Shares of TotalEnergies SE (NYSE:TTE)

Forum Financial Management LP lifted its stake in TotalEnergies SE (NYSE:TTE - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,033 shares of the company's stock after buying an additional 21,691 shares during the period. Forum Financial Management LP's holdings in TotalEnergies were worth $4,471,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC increased its stake in shares of TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after buying an additional 490,187 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of TotalEnergies in the 4th quarter valued at $412,000. Janney Montgomery Scott LLC increased its stake in shares of TotalEnergies by 9.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 155,021 shares of the company's stock valued at $8,449,000 after buying an additional 13,960 shares during the period. Gradient Investments LLC raised its position in shares of TotalEnergies by 18.5% during the fourth quarter. Gradient Investments LLC now owns 8,840 shares of the company's stock worth $482,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of TotalEnergies by 5.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 5,601 shares of the company's stock valued at $305,000 after acquiring an additional 276 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Up 1.0%

Shares of TotalEnergies stock traded up $0.58 during trading hours on Tuesday, hitting $58.47. The company's stock had a trading volume of 1,500,072 shares, compared to its average volume of 1,625,923. The company has a market capitalization of $140.19 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a 50 day moving average of $59.20 and a 200 day moving average of $58.81. TotalEnergies SE has a 12 month low of $52.78 and a 12 month high of $73.12.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the firm posted $2.14 earnings per share. Analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTE. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. BNP Paribas upgraded shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Tuesday, April 15th. Piper Sandler raised their price target on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.